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Ludwig von Mises “Economics deals with society’s fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen.” This is a quote of Ludwig von Mises. He was one of the most influential and important economist of the early and mid 1900’s. Mises was born in 1981 in Lemberg, a city of Austro-Hungry. His father was a successful construction engineer for the Austrian Railroad Ministry. Ludwig was the oldest of three boys, but one died at an early age. His other brother Richard went on to become a very well know mathematician. Ludwig attended a private elementary school, and then went to the public Akademishe Gymnasium in Vienna from 1892 to 1900. The next years he spent at the University of Vienna. Here he studied in the tradition of the founder, Carl Menger. During this time he attended the seminar with Eugen von Bohm-Bawerk. In 1906 we received his doctorate in law and economics. By this time he was establishing himself as one of the next intelligent economists. For the next few years he began working for the Austrian Chamber of Commerce, which was an official advisory agency of the Austrian government, taught a senior economics class at the Viennese Comme